The idea of a ‘stronger nudge' to pension guidance has been bandied about for some time now. It involves the idea that savers can be ‘nudged' into guidance when accessing or transferring savings, or applying pension freedom flexibilities, in order to better protect them from poor decision-making.
The Department for Work and Pensions' (DWP) consultation - which ran from July to September this year - sought views on draft regulations for delivering a stronger nudge to pension guidance when savers...
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